Thursday, May 1, 2008

Michigan Attorney General Pursues Investigation of Blue Cross

Michigan Attorney General Michael Cox sent a fax on Thursday night to Dan Loepp, president and CEO of Blue Cross Blue Shield of Michigan, asking Loepp to explain by June 2 whether the company violated state laws by purchasing a for-profit insurance company for one of its subsidiaries.

Crain’s reported Thursday that Cox was looking into allegations made Wednesday at the Michigan Senate Health Policy Committee that the Blues may have violated state laws in acquiring several out-of-state insurance companies.

In the letter to Loepp, Cox asked nine questions related to the Nov. 20, 2007, purchase of CWI Holdings Inc., the parent company of CompWest Insurance Co. in San Francisco.

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